Azerbaijan lagged behind OPEC+ quota by 61,000 barrels per day in July

Nigar Abbasova
Author

Daily oil production in Azerbaijan amounted to 490,000 barrels in July 2024, Report informs, referring to S&P Global Commodity.

Within the framework of the OPEC+ agreement, Azerbaijan's oil production quota for the current year is 551,000 barrels per day, while the actual production in June stood at 490,000 barrels.

"This means that Azerbaijan fell behind the OPEC+ quota by 61,000 barrels per day in July," the report stated.

Meanwhile, Azerbaijan’s oil production for July increased by 10,000 barrels from June.

Other News

Mirziyoyev: SOCAR, BP conducting exploration work on six blocks in Ustyurt 16 October, 2026 / 15:37
Azerbaijan reveals oil and gas production volumes for nine months 16 October, 2026 / 13:47
Azerbaijan transports 29.7 bcm of gas through main pipelines in January-September 16 October, 2026 / 13:27
Value of Azerbaijan's petroleum products output exceeds 4.6B manats 16 October, 2026 / 13:02
Azerbaijan's crude oil supplies to Vietnam exceed 1M tonnes 16 October, 2026 / 12:44
Azeri Light crude falls over $5 per barrel 16 October, 2026 / 10:29
SLB, BP ink deal for seismic data processing at Karabakh field in Caspian Sea 16 October, 2026 / 10:02
Brent crude falls to $105.3 per barrel 16 October, 2026 / 09:52
Azerbaijan's oil production approached 20M tons in 9 months 15 October, 2026 / 12:46
Kazakhstan, Azerbaijan plan to boost Kazakh oil transit via BTC, Tokayev says 15 October, 2026 / 12:46
Azerbaijan and Sri Lanka discuss energy cooperation 15 October, 2026 / 12:01
Azerbaijan's natural gas output reached almost 38 bcm in nine months 15 October, 2026 / 10:55
Azeri Light crude drops to $124.14 per barrel 15 October, 2026 / 10:14
Azerbaijan's Energy Ministry has appointed 115 energy managers nationwide to date 14 October, 2026 / 16:14
Uzbekistan adopts Azerbaijan's experience in energy sector 14 October, 2026 / 14:18
IEA: Azerbaijan fell 110,000 b/d short of OPEC+ quota in September 14 October, 2026 / 13:51
Minister: Azerbaijan carries out reforms to foster competition in energy sector 14 October, 2026 / 11:38
Parviz Shahbazov: Competitive selection attached particular importance in green energy projects 14 October, 2026 / 11:24
Parviz Shahbazov: Energy security must be aligned with consumer interests 14 October, 2026 / 11:11
Azerbaijan generates 4.2B kwh of green energy in nine months 14 October, 2026 / 10:58